Local Business Seeing Affects of Economy
National economists just announced that the growing economy is producing a whiff in inflation and any rise in inflation normally worries business owners. Reporter Erin Murray met with one Valley business owner and how the economy is definitely affecting his business.
Ben Abbitt is the owner of All Tune and Lube in McAllen and he has noticed that business has been off this year and economist believe it might be due to the recent whiff in inflation. Economist were anticipating a small increase in the inflation number which is at 1.6%. As long as it does not go above the long termed projected average rate of 2.8 to 3.0%.